19951121 TZHC Dar es Salaam

,· 1-.... . .. ,.•_-::..-.,·· - -·,. ·..:_ .I17 !~1:.:.: ITI (]I cotm.T OP_ ~Truiiilt\ · · ; AT. DIR ~ SAL!u'llI cr.'It CASE NO. GD OP 1995 - vcroi,w 'BUOll§Il, Ji I ■ i.Iho pc"c;i •~i o11e:i: ~11cot j.n.lJ:"1' '1li tcli};a. i\lUI t£1 cd ~ c c!wabo:i: EJWA;,1ons fo:r Ui?U.lin.g L:1) of a compNV 1>t1.J:ot1.an·~ ·~o SocUoa 16) _u rocA -'w0c~1h0:i ui th S 167 (d), 172 n.ni:. 173 o·::: Cap 212c Tho poun4s '2oz ·~1itr applic~:'iiion t!,l'o r:i-~a;~cct .ill ·:UC pc•~i-~io11 tiloc'4 I Gha.11 :oi=od.uoo t!\o aalio11t foc!,tLt?cc: o:2 .,1i!1c pcti Uo11 DJJ tollollO • -m1c.;~ ·~ho !.)c".;i~ioric~ iG. one ~:: 1J10 _onl.Y tvo ,li~cc ·~01- ::o Q.i.'1(: aha.rofu,1,10:r::; · tzho "1'POl.\r in ,thia po"'.;i·"::~Oll1 of 0. Comp~("- !~10l-lll a.G ~ D'USUiZSS .i:ilW C0ri'BmUOTI0lr 001-rPAITr ~l? trbioh is to be. ,roL-.;.~,i up 'by taia -Oou:tc • _... :ttu:.:'v :t,lc :001:>ondcn-t in tli.ia -poti~ion made .,. •• ,~' '- • : • ~ ~ <"; •• ... • • .... ' • • apoa_oib1o an to _tho_ p~;i..o~woncc :•t tho sa44 00l4Plll\7' iJ;,~ ·•c1isqtW.if,Yinci ~lC PO"lli tionor no lo13G0= ~ bo one o:t t!J.o airooto:s _,. ·-, hib _lc~·~ci 4atod 22/6/94 hcroi11 a.ttoohs ~ .Am.c::tuxc la In f';J.Ct lua uttor8110o tb,a,t 't!ic o~or di;a~toi ,10.a :,1:i.~~1~Zicd led tho &cpont!clt', to :told. prtv~to~" tho i,tbPC%V _dt :t!ic 8'-Ud .toltlplll\7,- ~.1.1c];;· H/v ·LD.nd .love· ·109 • ,-r.L;~:1. rcG'icitt~ii.0'1 Ho :IJ. aa,3, ·oDnctota .. · 'Vibl'.:-:~o:r, va.octa pump t,mt Dll oloQttic d:i11in« ma.o:.:i,icc. .'Zioco _p:opcrtic~J· n;c-o V!l,ltlOcl. o.t i:t"aho 121 495,000 in totr."'1~ • ~;~ (I, dco_oli,Cl iloiic tras sc11;_;;- -~o 't.'lo .%oopo~ont .t~ch ao ,fr:l: !to.s no"t 'bodt suocossti4, aa dZCpCotcd.j a1vmillC ·:;.\~~ th.o Joaponc:..ont is no.,, tcLte\Y' to icttlo •tbic; -disP\,ttt ~u-', o:t' Cott:c"lit ~o ~d · dcmc:iA ,note _.t~n sont t~ .,~:fo z~taponclont by post • ~~ --tho i>eua:rc of· .t.t~:r . or Q_M, JOSEm . J.UIJ.A.!.0,- which uoro con:fcixxaa to w.m,: b.7 tho Fo-'Gi tion in ·~us sui tic A cortif:i.octo o:f ]?Ostipg a rogistorccl mc'.lil i:::i anno::od h.<iXcto. ~ ..,....... Annc::-'.;uxc B.. . __ ' ~ -:.;. Tho:~ -~ho pcti-'i;ionor a.Vol's "hll.u:~ &WE BUSINESS JJID C0NSTi.tJmiI0U 0014Plllt? LTD, undo:i: tho dixc9tordlip ot "'i;11o Pditio110r and R<!spoi1.c1cn-'.; in "'11.is pc~li~ ~;on; one! ·the rmr.10 :POl':3ona ore -'Qlc onl.7 -s1.i1:>soribcra 'tt the mcmor~11c1.t.1m .lnd Ar'f4.clcs o-.Z A.-Jsocin:tion o.a vorificd 1~.:, ~ .a. lct"',c~ by ·0110 lfai.:i:"JC:ilc, c. Sonl.ot Acsis•~~1-'.; Z:.ccir;;di;"ln' of OomptU1ioo ... 1!:i.o J.o"'lito~ ia .ID.1,.c' . 'l"C::·l;w: O Ce .. ~- Th.ii;',· 'the xoopo1t<.'1.c11", unl~.m?t\l~, cmc1. contxo.J:y -'.:o • • j . . "'lib.a ":OT.lp'1.1.~- 'a iro~~tio1~, fli'tc.r he hod ·wri tton tho a-Zoro mc11·ao11cd. lc:d;tcr o: dis4.·uoli:f'ioo.tion, . ·h~ t.Jt·dudl.cd- oo;:1pa.iv's tum. to ~!C "'liunc ot Tai.lac ,··:t1J50,ooo ui'tb.c,ut -tltc ool\rJ~nt ot the• -pcrtiti.0110:r as Giwtm. by bQhJ.: ·;r~o.'t·~r,io_n"11 - ~ 2 , J!t 'l.'ho po-';i"liio110~ ih t:u.s co.so Oi.W-♦~oncd. t11~ btmk ltith a lc1."1~ dated 01/12/94 -· _eaz:'~ 1, . ... th~t ~c cotai>all.1 i110urtod some eos~s fot ' ~ mo.in- tonnncc 9;: ~4iho snid U/V J,;mci.;cov~b: UJ 23.iJ ·azilo~tin« to ~wdl.~71-C,~SO At! J>qJI ~1c;$S.Z, . ... lJ.'hat t!.tc ·. Cu-1.\0G ot a,etioll !u:,r.; ~-ioon in l)a,~oa--Bl,l,c.atzl · lTi thin ..,he jl.td.mlic"',1011 of ·~i.,;io llo11a CO\\l':'51 ai:vou 1ho fact . th.o."'y 1ato P'!li ~ciiq11,ei dCI4pndo "lihc l'ospoltdont . .: . ~; . ' to au.t':011L1.ol' - . 0 p~oport,y o:t '40 o~-ir1 compim_y vttluod J·. • :_, ._. __. at ~.Bl\ee l3,v45.,000e .· . !ri.10 potit~oii~ is prtlJ'i.1,a· t.o~ o.) an -~r~ ~f ~.10 cQut1 d.cclns;i;s tho ,-7.\ndirc-,~- o:Z "i:4o· ~~to' AO~l~ionod · ~OOl'Ap~o ::.. ·. ,-. : . ·,. ' ' b) ~ ·ot:d~ -~t tllc· -~O. p;oi,~x-o/ AO pas -· · tsn;c.a 4 l; :1 of' J$c p~i "d:on be su=andc:od. .._. 1V .t!t~ ~oopondont. · . • • . ' - ·, .• (c ) .. :an ~:?d.o~ 'bt 1il10 :aspo11/lcnt PD.YO 1 · P<l"ti titfaot coa'ta ot ~a ~ili c~tio11t to ~10 '. I ----- •. an o~dci' thc:t. ·. 'th~ rcm~ndont- ~a to -o poti tiollCl' tntc:r c s"'li il;;; ·-~a: bo~t'a :,:4to· fntciori o.t1 ~o ~f c4;c:ri,'lt~i aL\0~11 bqrt1 dato o:i: :ZUJha :o:Z "',his .. \ ·, . . . ,.•j ;· ·':.' -r .: : ./ ·• ' - 3 -· lU'c ~rimo ilho apro~oc'. fox iho pcti tionc~ nreuod ui th somo fo:rco ~hat . the c.;:istoncc of ·i;lw co1i1pu.n:r ii, non LU,:'ccnablo~ It wn.s Mrv !qi.mo argur,1cnt that this co;-;:~~-~:::t,~ had. ini ti~.Y two dircc-'i;ors - tb.c petitioner onc.l ·tho tc,;::,onc.lon-',; tlfat ti1eno -~1_10 oub::wribcrs 0%C nloo tho oharoholdors to t:w cor.1ptu'lJ"11 · It n~o Mr~ Lyimo • s contention that ·since the disquali:Cicn:tiol1 of tho poti-'.;ioncl• 'by tho tceponclont tllooc t\-ro l)Drt~ors cruu10·~ uo:r~ -tocct:lc:r. 'l1hat -~:1c rospond~nii lms loolcad. tho of-li9~ aJ.ld moV'cd otrt 001110 ot tho cor4p:JJ\Y' lo _properties ;o an unlaiot-m. .· ' placoo It was .,lihcl'ofoi<? impoasiblo for .,lllic OO!llpo.1\V to .opera.to under prw~ling circur:1s·~rutccs M::. Iqimo uo.s o-:: ·~he V101-r tlla:t under tho pr0Vt\ili11e circm:r~.1J1003 .ot di~molzy' bo-tirocn ..,ho ~10 di%coto:s1 tho · opo:ru.tio11 of the cornpari,:;; ia in scztoLW. do1.tb·~ a;.1ct -'.;hc.rotorCJ it. ,:should bo. wound u,p by o:dox o:Z -~!lie coLi.::tc. In ·i.ho 11l".;or11ativc, oddocl Mr tuimo, tho Cottrt .slloulcl f'ili<.1 ·t.:ia-:. tluc to': ·iiha d.imcocmcnt bct\rccn tho ~to dirco·~o:ro, the opc:..·cr~ion of ~i;ltc OOfilP~\/ Zlr.,o bcon J'Ol-W.O~c<l imposaiblo, · this .Court; in c::c:rci:::o 0-Z i 'ts dioc:r:c"t;io1i to WiM ll-P ~c complll\7 a.nc1. n,ppo~11;'1i en officfol rccoiVCl' or li~'1c.'li0r so tl10:t tho DM,O mq p=:.':'o::m· his. lcao,l dutioa to crocli tors tutd ox olu:1%ohol4ots. '?he :rcopond0l1-'.; 1rll.o p:rof'ol'l'cd to ~r.,ti.o !lio ot-111 ·0~l'!JO bofo:ro 'L'ho ·' Oour·t put up some fol:"cc:Zul ozCW4on·k to chttl10MC tlic po-'.;i ti one llc sta.tod boZo~c ~o Co_ur1 tho:~ _.ainco tho 4.ncoption ot .,;_hie compmv thcro uc:o :.?ou:r o:icino.l 1,Jruil;·ol;.oldo~·a1 af$V1J.21 1 J.Ilt'DU~, l'l'RtuICIS . . . .. . , _. ·- . , ·~ . , - . I .· . . . . . ond. . llmlr.EST. ~1,c µubocribora . -, tro;o 'f;<, bo i;,ro , "Ii.ho .· po~ition0% . mllDS'.l.1 . o.nd. lti.moo1fc _'1Jhc iccponclc~1; to+d the cotttt that tho pcti tiosio~ ia the cause of cl1 tho pro blarits non fnci~ ·i;l1oi: com~• i.ll1a.t '1lo po.,;i tiono.r httd _l~~d:tOJm ~me tAaol37~;@ \-rAich 110 :~·o.a no".; -~countod. tor Mi %a:,;'Q%rod. tho oo=-t to »u10.:;".;1\j:C D, . 'l1b.o JCf'J],JOllt't'1lc:'.; d.i.'a).)1,1Jlio4 tl1o ccnton-f:::.: 1h ota.tomont -"•JUXQ J' I=oduoo4 b-/ • the pc·~i tio1l02:e ... 'l1'A~ ~oapo~ant i11Zormad ' ! : 1'10 Ooi:t thc.t co~i'ba:~-- to 'll.1r..l .1w.s to·oi~ ·n'wb:tod .bf tho poJ,i.tiono:i:, it • • < • t •' I • • ' " • is ·~11·0 utlJDc po1,i Uono~ ttl1,0 ha.n dicoocta.tcd b-0111 'Ibo oolt\Pat\Y. ortd tortnatl his o,m ·oompcj\y. by -'.;4o··1Wlo ot Dtd '.\IL"'Sli.;°j$r;:-A1ID ·coMtnrrtJ'd~OU COHPAltt. l . •\ • •• !Io ·amiad tu: ";ha: ~hc-,i ·~i!D' pcti t~nei ·11tw· ·br.i;ll:cd a. tc:e~d ·c!~Oef.,10 in thoir nt,:COUllt Md a .o:·ir,tir..rJ·· ~~SO ·1to•. S?~4· ··t.a. pcm.cJ.illC in, Cow:~ -.'l1l.ui.t ;.;he pcti tionor is tho 01~0· irf\ci !ta;D· loclto4 ··,ho o:Z1'ico to:cius the roopondont - pcr::ional vcb.iclo :rcgi::rcrn;'cion c~x-cl :,r;:.: ,. ·_;_:;c;. his (pcti·t:i,.oncxo) 11runc1: TJ.:is mat·kr o.lso is t:riiill pcndi1ig i11 ccu.:.:·i.; tii•~h the roe':i.1:r0xo..tion c~d-undc:r police custoclyc '1!10 Y-ocpo11c1.ciri; ttlao added. thn:~ "'.;hey 1iu.vc t:riad to summon the poUtionor to cot10 ;_:nC:•. c.:dtcnd to coapruw's bur.incsa bu.t Dll in vw.n 1.!cnec they acnt hia n me sml.gc to l~ic.\ over · tll-0 ot:tic c and complll\V' s pJ:opo:r·~icSc To -'chio rcqticG-'u tho pcti•~i-ouor :i.a::i not respond-ode It ut1.o ·the rospondcn·h~,s su.baiaoion th.:i:~ sillcc thoiro ,ms a privn:to cop1pw.y 110 'iTilldinc: up proco~uto~ C~l bo ll.pPliod • ·~ho :0spondo11t is_ l,cl.'lil1C on sac-'liion 140 of Cnp 2l:2t Jlc also e;rc:ucd ...;h:,.t S 167 D ia oonfiuod to . mcnbc:ca ol' tJ.io co;r t!.l1cl 110"'.; ducetorPcr ~lQ ~OtJPOndcnt preyed tor tl1c cliauu.scn:;J. of -'.;;10 pct+~~on M ;i:i. d(>os net wP1Y in th.ci:r ottso o:t llondc In l'cpl.y Ure L;riuo 011 bclioli ·o:Z t::Q !'c"i;i 1:io11cr said tlw,.1.; no t~ as ~,hie cor.ip~r in col!coi11c~1. i", ~1ac 0111.:r ;,mo dir-oo·iio:cs o.itl "lib.o:cofo:ro D1JV rosolution ·~ll..L".; 'l/C'.c po.aaod .to diraci\,.'ilify' ·t:10 potitio11or trri,s ·".;hc%otoro null a.nd wic4 Havi11g 1'.caJ:d ·'1?.c p~•~ico, 1 t io cvic1.on·i; tlU1.t tho "'.:110 dil'cc.,li9~0 oa.nnot uork tog4'.,~?.c:c "'11,;/ lon(!C!l~ Th<' o:'w::1001'>.lio~c wi t;.1i11 which tJ.1.cy tll'o aupposod to transo.c", btv.d.ncorJ io tainted lTi 't!l aDCWla.'liiono of. f:rnudo Not 01lly , that b1.,t".; "~here n.1!c crili\lnnl cl~eoa til(Jd in cot.trt oan.i.11ct ( ono oi' tho c\iioc",ol'o Q,11d. _01t0 wondc:s ~tli.etl?.c: t1.w,l.cr e\.i.c1~ oondi tiona, thic comp£1.i\Y' can ~co.ll.7 au:V1v0a •• ~10 poti tionoii :1.ru'J a.ok.od this Cc>Lu:·~ "'i;o trind up .1;ho compm1,y- t..ulC'l.o:r I T • Sc, 163, 167 (d) 172 M(l S 173 of Cap 2l2c Section 163 ot Cap 212 reads, illo3 ~VJ liic1l OoUl't allall !~vc jl.~isdic'ij,on to trint"l ~ ~ COillPttl\Y'. t oc;i a".:cr oc'. in the. for:1 to:r,e • and cl€ain & 167 ley-D d.oun citcurnz"i.n.i1ccr.: i1;. wJlicb. tt oomvo.JV mnN" bo uot.Ulll up b-.r oou.i!t. IJ!10 po•~i •~ioiio:i: ho.s :ciicd c:1 3 167 (d) ~l'!u.ell roo4o A compniv mey uc uo1.m,\ up b".t tho Comt ·if - {!r (cl~ t4o mt:1bc~ o:Z n1or.1bcx;; io rcc'.LJ.ccd. 1 t11 -'lil1e oa.ao ot a. p,:i·-rt/,jc coinpaJ~- bc;lou ~io or :t1, tho co.co ·o:t m'\}i· oJ.;hcx comp.:'.11..y bclou save\• ..--·,._•--·" -- ..... I,1r. L,yimo lU'gu:i.nc :7o:r -~:~c pc-~i tioncr ho.c su.bmj/1rtcd that .i.s of 12/9/94 their compO,J\V ha.d -L--1m di:rcctorat Tho ~ospondcnt il.i."1.(.1. the_ pcti-tiQnor~ Also these two pcxno~1~; c1xc ol_so the ottbscr-ibor-a to tho _mcmo:rn.11dum ttnd Dl'tiolos of A,s3ociuJ~io1i ro~c.1. thorofo:rc t;1c cha:ec4oldc.rs and no chonco ho.o been effected. in Jilic compp.l\V cinoc it 1-1!!.s i11Corporato~ ~.Jio ·.: .. infoxmation uns t:rr.l1:-~,1i ttod to the pcti -'i;io11cx by tho office of -the RoGistrll.1' 0~ CompnlUC~ 1I01rovor thia inforua:tion 12' cl:1All0~od 'tu the. iic~J.'OJldcn~ Accol'ding to him o. ccrtificc.1 bot1%d· :rcooltt'tion m--G ti1QC.\ 1fi th -the ~ei1;rr;rt.r of · Comp~lics ?rt i-2/7 /94,, Tho oon•ontG ·oz ".l,.c ;eool11Uon ,ro,:o -i,irofold ... ~c. di a¢ifio<:\Uon _o-.Z the peU ti one: ao :.i cl.1:roclos imd the o.ppoin~cnt of 0~10 Stovon P Mc.:la'l'n o.o a no11 PJ.;ceto:e ~,.11.u,.nt -to tlu.e-:csolution1 a. d.c~- ~'to 9't l4/)/_C"i5 Wltt communic~/,oc\ io ono· Jol'Jcph Miht\Y'o "(P=potad.13"· .holdine n pouo: o:Z v.·~to:hc.7 on bo1wlf of ·~!10 poti. ti~1102:) to ·Wo:_m•:• hill- ot the cunont s~~-:;1011& lTa 1io.ve thcxc::o:!o "°o oon1:ai.U.oto:i:;, i11toinm:ij,on cmonotina . trom tho o~Zioo of the ~Oi,ot:or o'l Coflap;t.nlcu11 . WhU.o -tho. . . po·'i;itiona~ ·is ;l.n:Zormoc'l on 12/9/94 tlln"w ho la o·t111 ono ot t11c <li;ooto2:a -~ tllo compal\VJ "4o oru;ic otiice oai 12/7/~4 DDkno1tlcdaO<l 'tllo · cht\\\,~ ·in .~:raatotallip a.a p1oao1,",CK\ b!' the ~ctJPOi\dent. . Xt la tho:ofoio · iA'tllc: •a. con.i."'\\aod sta.to .ot a:tlo.ir.:11: jnd in ~:', v·otn , ~o 1oaponAcnt tt~o · oo::oot- ' . to contonc.\ 11ha.t "1101:r cor,1p:uzy- !u\a o,t tho mo~\ont •o di1ooto:41 • 4AO Stevon P• it«a.1n havl,ta ..opltu:od 'the po1;i -'viono~• ln ~oats of eccti-on 1o.3 &tnd. 1d7 Ct) tbio oo'lit has tho pc\tc: to 11ind. . up NV cotapa.rJ1 ,:o&:1,1;r~o:QC\--i:i ~s co\Ult::,, I -J.6T' ~)of Cc,p_ ~2-~~11 · '-67 ..>, compe.i,v mov bq 1-10'1nA. up •· ~' ,o.t i-lt• . . ·I,• . a• ,._ \ ':·., .\i: .~ l. - .~-:a.,.. jjllel_ o· .........._ • .,.... 4:-....----- ,0 .......... ~... ,;z illo oow:_11 is ot opii~n t1:i.o," i; ia .,ur,t ond 0(£1.'J..".;c,blo thn;. ~lin cc,r,;:~~tr .'1\01114 lac uouatd Up. In rrq conoido;ed. vS.O\t I "~:l.nk. tt ~foiitt b<t j\.1.01 if ~" ot111p~~ io UG>W'l.t\ up bocot.VJo na roat~l.:od ,o~~Uot on tn tit;/ ~1.\U1lC tllg ta.rmot clito.c:•k>~S t,.11«1 na1 ~ • . ,,I • . '' . • in tolld.na to:ms. ao to tJl)ocl.:s aE\oh d4,.~octot io accilt:i~Jlt thil c,"~holt ctueotot of one ot tho o~~:s 0.09~r.1ton0 of .~r.w.d. ~e t\hoiu~ I&~ p~ti Uotto1· !f'J eontontii»G that ho io ati.11 ()l\O o~ ·tho -d;:octo:a ,~lo ·the iooponicn-j h.-io subnu/~'U~d. ovid.o1100 tha.t tho po~i -liionolt'a ivwo 11c.a c1olotc;.\· 'N\C\ ·~ :rcplacewmt i,.ppointod$ 1'ho ol'tioo of t~ llo6is1i::,z oZ OompN\:f ic '4oc ·not vcr.r· :·~o1p-tul. .i11 tllia t0(r,U'd by ~Y'.~~ bu,t cont;r~ctozr -1J-~tor.1on".; of -~foiJa. ¥ •••• .,.. 6- •In the final oven·~, thi:s; Col'll'"it ~11 o.::c:rcinc of i"ts clicc;co•~ion unclor & 167(f) :,~~c: deemed it f::. ~ -~a" uo,11:,). L'-P -~~lir; eomriru\Y' and appoill"~ ·t.:.,.o Rc[iirr~:.:·.··.2: o:i.' Compmuc:::, -'~o ac·~ ac ·c>.c officiru. rccciV'cr 21/11/95